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Korin on Platts: Oil Imports Not the Problem

 

The Folly of Energy Independence

"The United States stands on the cusp of a global strategic advantage of huge significance. It is now within our grasp to cut the Gordian knot of energy policy, transforming our economic prospects in a fairly short period. Seizing this advantage does not require or depend on an esoteric technological breakthrough. It does not require allied assistance. It does not require a great deal of citizen sacrifice, discipline or patience. It does not require new taxes or convoluted cap-and-trade schemes. It merely requires that the Administration and the U.S. Congress get their collective head straight for once about a policy area in which politically ecumenical futility has been the norm for nearly forty years."

Click here to read more , in the summer issue of The American Interest Magazine .

Pipeline blasts roundup

May 13 : Blast on Yemeni natural gas pipeline supplying the Balhaf Export terminal in the Gulf of Aden, near Mayfaa in Shabwa province. Prior attack on April 26. Both apparently Al Qaeda.

May 30 : Blast on 12in Syrian oil pipeline in Deir al-Zor province, connecting Abu Hamam and Gharaneej. Prior attacks:  April 21, same pipeline; April 30, oil pipeline between the villages of Mahkan and al-Qouriya in Deri Ezzor, valve damaged and large amounts of oil leaked; March 26, blast on diesel pipeline between Hama and Homs at Taldao; February 15, diesel pipeline connecting Homs refinery with fuel tanks in Arda. There's also a report of a May 15 blast near al-Mayadeen on the oil pipeline to Banias refinery.

May 30 : Blast on Azerbaijan-Turkey natural gas pipeline near Sarikamis.

 

Did the House bar the Dept. of Defense from purchasing biofuels? Not quite.

A number of recent articles regarding the provision restricting spending on non-petroleum fuels in the recent National Defense Authorization bill passed by the U.S. House of Representatives appear to have gotten the story wrong.  It's a pretty confusing story to follow so that's not surprising.

For example, Fred Kaplan writes in Slate : "Republican leaders passed an amendment barring the entire Defense Department from using any alternative fuels, for any purpose, if they’re more expensive than oil. But then, in a shameless disclosure of who’s paying the tiller, they tacked on a provision exempting coal and natural gas from this prohibition. " (emphasis added)  Noah Shachtman wrote in Wired : "House Republicans...last Wednesday voted to impose its ban on alt-fuels that cost more than the traditional stuff....But the armed services committee didn’t put limits on all alternative fuels — just the...

India: calls to end government coal monopoly

Federation of Indian Chambers of Commerce and Industry (FICCI) called on the Indian government to reduce its stake in PSUs [public sector units, of which Coal India Limited (CIL) is one] " to less than 50 per cent which would be sufficient enough for it to be part of all major decision making processes in the company but at the same time would help make PSUs observe basic market discipline." (Source: Economic Times .)

FICCI also urged reduction of energy subsidies: " Cross-subsidies prevail among consumer categories due to populism which leads to virtually giving free power for the agricultural sector. Revision of tariff is often guided by political pressures than economic reasons. Rationalisation of tariff for industry by reducing the gap between industry and domestic tariff is necessary"

 

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Videos

US Energy Security Council RT discussion

New Books

Petropoly: the Collapse of America's Energy Security Paradigm
Energy Security Challenges for the 21st Century

"Remarkable collection spanning geopolitics, economy and technology. This timely and comprehensive volume is a one stop shop for anyone interested in one of the most important issues in international relations."
U.S. Senator Richard G. Lugar


"A small masterpiece -- right on the money both strategically and technically, witty, far-sighted, and barbeques a number of sacred cows. Absolutely do not miss this."
R. James Woolsey, Former CIA Director

"The book is going to become the Bible for everyone who is serious about energy and national security."
Robert C. McFarlane, Former U.S. National Security Advisor
Russian Coal: Europe's New Energy Challenge
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